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Pharmaceutical

Guatemalan Officials Seize 3,000 Barrels of Chemicals in Raid

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A total of 3,000 barrels of chemicals used to produce synthetic drugs were seized and three suspects were arrested in a raid in Guatemala, Agencia EFE reported. The chemicals
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Teva’s MS Drug Misses Study Goal

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Teva Pharmaceutical Industries Ltd. said its experimental drug laquinimod, an oral treatment for multiple sclerosis, did not reduce patients'' annual relapse rate in a late-stage clinical trial, Forbes reported. Shares
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Biogen, Acorda MS Drug Receives Conditional European OK

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MarketWatch reports, Biogen Idec Inc. has received conditional approval of multiple sclerosis pill Fampyra in Europe, after a positive recommendation in May that followed an earlier rejection. The drug, developed
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Pfizer Sues Apotex in US Over Generic Version of Lyrica

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Pfizer Inc., the world’s largest drugmaker, accused Apotex Inc. in a lawsuit of infringing two U.S. patents for the nerve-pain drug Lyrica, reports Bloomberg. Apotex, based in Toronto, plans
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GlaxoSmithKline to Pay 37 States $41 Million Over Faulty Drugs

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British drugmaker GlaxoSmithKline PLC has reached a $40.75 million settlement with 37 states for selling potentially faulty and contaminated medicines produced at its former Puerto Rico factory during the last
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USDA Takes Action Against Drug Manufacturer and Distributor

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PRNewswire reports, the U.S. Food and Drug Administration announced that a consent decree of condemnation, forfeiture and permanent injunction has been filed against H&P Industries Inc., The Triad Group
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Major Drug Companies Cut Vaccine Prices in Developing Countries

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International Business Times reports, a group of major western pharmaceutical companies announced that they will significantly reduce the prices they charge for vaccines in the developing world. Merck & Co.,
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Johnson & Johnson Acquiring OTC of J B Chemicals of Russia

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The Associated Press reports, Johnson & Johnson said that its Cilag GmbH unit will expand its business in Russia by buying the over-the-counter brands of J B Chemicals & Pharmaceuticals
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Pfizer Seeks US, Japan Approval of Cancer Drug

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The Associated Press reports, Pfizer Inc. said that the Food and Drug Administration accepted its application for the experimental lung cancer treatment crizotinib, one of its key drug candidates. Pfizer
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Pfizer Weighs Sale, Spin-off of Units

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Chief Executive Officer Ian Read said he is reviewing the possible sale of four divisions with $18.3 billion in annual revenue, according to Bloomberg. Read, who took control of Pfizer
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